Patient Protection And Affordable Care Act
What Does Patient Protection And Affordable Care Act Mean?
The Patient Protection and Affordable Care Act (ACA) is a federal statute that was enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.
It is also known as the Affordable Care Act, or Obamacare.
Insuranceopedia Explains Patient Protection And Affordable Care Act
The term "Obamacare" was first used by opponents, then re-appropriated by supporters, and eventually used by the President himself. Alongside with the Health Care and Education Reconciliation Act amendment, the ACA is one of the U.S. healthcare system's most significant regulatory overhaul and expansion of coverage since the passage of Medicare and Medicaid in 1965.
The first part of the comprehensive healthcare reform law was enacted on March 23, 2010 by President Barack Obama. The law was later amended by the Health Care and Education Reconciliation Act on March 30, 2010.
The ACA provides new rights and protections that make health coverage and its subsidies fairer and easier to understand. It expands the affordability, quality, and availability of private and public health insurance for Americans. The law also expands the Medicaid program to provide coverage for more people with low incomes.